Ubhar Capital issues Q3 2023 profit forecasts

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Ubhar Capital issued Q3 2023 earnings forecasts for a number of Saudi banks and companies under coverage.

 

Saudi Basic Industries Corp. (SABIC) is expected to record a profit drop of 39% year-on-year (YoY) to SAR 1.12 billion. Al Rajhi Bank’s third-quarter earnings are projected to decline 8% YoY to SAR 4 billion.

 

The following are the brokerage’s Q3 2023 earnings forecasts:

 

Q3 2023 Earnings Forecasts for Companies, Banks (SAR mln)

Company

Q3 2023 estimates

YoY

Banks

SNB

4582.0

(1%)

Al Rajhi Bank

3995.0

(8%)

SAB

1576.0

+13%

Materials

SABIC

1117.0

(39%)

Sipchem

344.9

(55%)

Tasnee

44.5

+160%

Advanced

94.9

+252%

Yansab

(17.0)

--

SIIG

130.0

+137%

Maaden

711.3

(66%)

SABIC Agri-Nutrients

974.0

(58%)

Cement

Yamama Cement

89.8

(11%)

Saudi Cement

88.9

+10%

City Cement

32.8

+30%

Qassim Cement

47.9

+105%

Telecommunications

stc

3582.3

+1%

Mobily

509.0

+36%

Insurance

Bupa Arabia

400.9

+25%

Tawuniya

268.6

+132%

Healthcare

Sulaiman Al Habib

480.5

+14%

Mouwasat

144.4

+18%

Dallah Healthcare

57.6

+31%

Al Hammadi

58.1

+2%

IT

solutions

330.7

+10%

MIS

36.2

+44%

Food Retailing

Jarir

286.4

+5%

SADAFCO*

120.3

+41%

BinDawood Holding

39.0

--

Al Othaim

35.3

(95%)

Cenomi Centres

255.1

+4%

Leejam

66.9

(2%)

Other Sectors

Ataa Educational*

21.1

--

*Different fiscal year

 

Ubhar Capital - Banks and Saudi Companies 08/10/2023

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Quotes

STC
39.95
0.15 0.38%
ETIHAD ETISALAT
54.60
(0.90) (1.62%)
TAWUNIYA
130.80
(0.20) (0.15%)
ALRAJHI
93.50
0.50 0.54%
SAB
31.50
(0.20) (0.63%)
QACCO
53.70
(0.80) (1.47%)
SAUDI CEMENT
40.85
(0.55) (1.33%)
YC
31.30
(0.35) (1.11%)
TASNEE
10.40
(0.08) (0.76%)
SABIC
69.70
(0.20) (0.29%)
SADAFCO
344.20
(4.80) (1.38%)
SABIC AGRI-NUTRIENTS
112.00
1.20 1.08%
SIIG
17.62
(0.10) (0.56%)
YANSAB
37.85
(0.90) (2.32%)
JARIR
12.72
(0.04) (0.31%)
SIPCHEM
24.50
(0.50) (2.00%)
MAADEN
53.00
(0.50) (0.93%)
BUPA ARABIA
183.20
(0.60) (0.33%)
A.OTHAIM MARKET
11.00
(0.04) (0.36%)
ADVANCED
34.60
(0.35) (1.00%)
CITY CEMENT
17.64
0.04 0.23%
DALLAH HEALTH
153.00
1.20 0.79%
MOUWASAT
92.40
0.90 0.98%
SOLUTIONS
267.80
(2.20) (0.81%)
SNB
33.10
(0.20) (0.60%)
ALHAMMADI
39.55
0.15 0.38%
SULAIMAN ALHABIB
268.00
(3.20) (1.18%)
Leejam Sports
177.60
0.40 0.23%
CENOMI CENTERS
19.78
(0.02) (0.10%)
ATAA
73.00
1.20 1.67%
BINDAWOOD
6.84
0.07 1.03%
MIS
185.60
(3.80) (2.01%)


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